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InterviewSolution
| 1. |
Classify the following transactions in current account or capital account: i) Purchase of shares of ITC by Microsoft. ii) Borrowing from IMF. iii) Repayment of loan by Indian government taken from Germany. iv) Remittance from abroad. v) Purchase of land in USA |
| Answer» Solution :Current account: (iv),CAPITAL account: (i), (II), (III) and (V) | |